Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

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To: #Breeze who wrote (173845)	7/13/2022 1:03:50 PM
From: threedrives	Read Replies (1) of 207972

“If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” Zuckerberg told workers. “Realistically, there are probably a bunch of people at the company who shouldn’t be here.” Facebook’s belt-tightening mirrors the cost-cutting happening elsewhere in Silicon Valley. After a decade of exuberance, venture capitalists and established tech companies alike are cutting back on their investments and firing workers. More than 300 start-ups have laid off over 50,023 workers since the start of the year, according to Layoffs.fyi, which tracks cuts in the tech industry.

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